Tuesday, 17 February 2015

Jaitley to meet chief executives of PSBs on March 5

NEW DELHI: Finance Minister Arun Jaitleywill meet heads of public sector banks on March 5 to review credit offtake as well as the progress made under the Jan Dhan Yojana.

The quarterly review meeting, to be chaired by Jaitley, will also be attended by heads of public sector financial institutions such asNabard and NHB. Financial Services Secretary Hasmukh Adhia would be present at the meeting.

The meeting would review various key financial sector issues like credit offtake in the economy, priority sector lending and progress made under Pradhan Mantri Jan Dhan Yojana (PMJDY), a Finance Ministry statement said.

Improving the performance of the PSBs and financial institutions, including through steps like capital infusion, would also be discussed in the meeting.

Prime Minister Narendra Modi on August 28 launched the PMJDY scheme for promoting financial inclusion across the country. As of January 17, a record 11.50 crore bank accounts had been opened under the scheme.